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New Minimum Margin Rates and Intervention Confirmed by ESMA

ESMA has agreed to a range of measures to restrict CFDs (including rolling spot FX) for retail clients. Read the ESMA Announcement.

The ESMA changes are:

Maximum leverage limits on new positions:
  • 30:1 for major currency pairs
  • 20:1 for non-major currency pairs, gold and major indices
  • 10:1 for commodities other than gold and non-major equity indices
  • 5:1 for individual equities and other reference values
  • 2:1 for cryptocurrencies
Additional measures:
  • 50% margin close out rule on an account level basis
  • Negative balance protection on an account level basis
  • Restriction on incentives
  • A standardised risk warning including the percentage of losses on a firm's retail investor accounts.

The changes will be LIVE on all Retail accounts as of market open on Sunday, 29 July 2018.

Additional Information